Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $9,840/mo
- Units
- 4
- Price per unit
- $374,750
- Est. annual NOI
- $59,040
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $112,176
- Operating expenses
- $56,088
- Net operating income
- $56,088
- Annual debt service
- $89,756
- Annual cash flow
- -$33,668
- Cash on cash return
- -9.0%
- Down payment
- $374,750
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Quadruplex
- Bedrooms
- 4
- Building size
- 3,300 sqft
- Lot size
- 7,405 sqft
- Year built
- 1961
- Stories
- 2
- Garage spaces
- 4
- Heating
- Electric,Central
- Cooling
- Electric,Central Air
- Pool
- None
- Status
- Active
- Days on market
- 163
- MLS #
- 240873552
About this property
Great opportunity for long term income. TENANTS PAY for WATER, ELECTRICITY, and GAS. All Units are occupied. Unit #4 and #2 is remodeled with modern style. This single building structure four-plex offers 2 units up and 2 units down, all unites are identical structure. Each unit comes with 2-Bedroom, 1-Bathroom. Property has new roof, new waterproof decking, new paint. Enclosed garage with 4 parking spaces plus 4 open parking spaces. So each unite come with 2 car parking spaces (1 in garage and 1 open space). Easy access to 55 and 5.
Location
1714 Evergreen Street
Santa Ana, Orange, CA, 92707